All posts tagged Automated Trading Desk LLC

Canada is proving an inhospitable place for some foreign financial-services firms.

Automated Trading Desk LLC, a provider of electronic trading services owned by U.S. giant Citigroup, is shuttering its operations in Canada –as well as in Japan and Australia.

That move comes after U.S. broker Stifel, Nicolaus & Co. in August closed its Canadian operation, resulting in 60 job losses. In January, the Canadian investment-banking arm of Swiss-based bank UBS AG cut almost half of its employees in equity sales and trading and research operations.

Reasons for the firms’ struggles differ. But these cases highlight some of the key challenges foreign brokers face in trying to carve out a thriving business here. Read More »

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Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com